Law360, New York (August 27, 2013, 3:44 PM EDT) -- Workers who lodged a Fair Labor Standards Act suit against Citigroup Inc. asked the full Second Circuit on Monday to rehear a “misguided” decision upholding a Citi arbitration agreement prohibiting class litigation, claiming the FLSA contains a clear congressional command protecting collective action rights.
Tara Raniere and Nichol Bodden's petition for an en banc rehearing challenged an Aug. 12 panel decision that reversed a trial court's denial of Citigroup's motion to compel arbitration in an overtime suit.
The Aug. 12 decision was based almost entirely on...
Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.